• West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800

FHA Looks to Shore Up Finances with New MIP Changes

Federal Housing Administration Commissioner Carol Galante has just announced several significant changes to FHA requirements, processes, and fees in an ongoing effort by the agency to shore up its Mutual Mortgage Insurance Fund (MMI Fund.)  The first change – the consolidation of FHA‘s Standard Fixed-Rate Home Equity Conversion Mortgage (HECM) with its Saver Fixed Rate HECM – was officially announced today.  HECM is commonly referred to as a reverse mortgage

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New Mortgage Insurance Premiums Approved : Lock Your FHA Mortgage Now.

FHA lending will be different — and more costly — in 2013. If you’re a home buyer expecting to use the FHA‘s 3.5% downpayment mortgage program or an existing FHA homeowners planning to refinance via the FHA Streamline Refinance, consider moving up your timeframe. The longer you wait to lock your FHA rate, the more you stand to lose. Click here for today’s FHA mortgage rates. Surging Defaults Overwhelm FHA “Insurance Fund”  In its annual

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Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
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